- Residential transaction volume in Texas was 275,829 homes sold, up 16% from 2012 and 35% higher than 2010.
- 2013 housing sales were the second highest volume in Texas history (2006 was previous high).
- Dollar volume of sales hit record high at $62.1 billion.
- Average home sold sales price was at a record $225K high – up 9% over 2012.
In summary Dr Dotzour notes that the constants of – job growth, low mortgage rates and positive home price appreciation made the 2013 market strong and that with continued job growth and price appreciation 2014 should continue to be strong – even if mortgage rates increase.